Mary Fox - 15 Apr 2024 Form 4 Insider Report for Lovesac Co (LOVE)

Role
President and COO
Signature
/s/ Megan C. Preneta, as Attorney-in-Fact for Mary Fox
Issuer symbol
LOVE
Transactions as of
15 Apr 2024
Net transactions value
-$69,635
Form type
4
Filing time
16 Apr 2024, 16:30:35 UTC
Previous filing
20 Nov 2023
Next filing
13 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +4,848 +32% $0.000000 19,890 15 Apr 2024 Direct F1
transaction LOVE Common Stock, $0.00001 par value Tax liability $44,951 -2,391 -12% $18.80 17,499 15 Apr 2024 Direct F2
transaction LOVE Common Stock, $0.00001 par value Options Exercise $0 +2,772 +16% $0.000000 20,271 15 Apr 2024 Direct F3
transaction LOVE Common Stock, $0.00001 par value Tax liability $24,684 -1,313 -6.5% $18.80 18,958 15 Apr 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LOVE Restricted Stock Units Award $0 +33,528 $0.000000 33,528 15 Apr 2024 Common Stock 33,528 Direct F5, F6
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +33,528 $0.000000 33,528 15 Apr 2024 Common Stock 33,528 Direct F5, F6
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +69,290 $0.000000 69,290 15 Apr 2024 Common Stock 69,290 Direct F5, F7
transaction LOVE Restricted Stock Units (Performance-based Vesting) Award $0 +44,144 $0.000000 44,144 15 Apr 2024 Common Stock 44,144 Direct F5, F7
transaction LOVE Restricted Stock Units Options Exercise $0 -4,848 -10% $0.000000 43,124 15 Apr 2024 Common Stock 4,848 Direct F1, F5
transaction LOVE Restricted Stock Units Options Exercise $0 -2,772 -50% $0.000000 2,772 15 Apr 2024 Common Stock 2,772 Direct F3, F5
transaction LOVE Restricted Stock Units (Performance-based Vesting) Disposed to Issuer $0 -72,243 -100% $0.000000* 0 15 Apr 2024 Common Stock 72,243 Direct F5, F8
transaction LOVE Restricted Stock Units (Performance-based Vesting) Disposed to Issuer $0 -35,848 -100% $0.000000* 0 15 Apr 2024 Common Stock 35,848 Direct F5, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported shares were acquired upon the vesting of the first tranche of time-based RSUs granted on April 15, 2023.
F2 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the first tranche of time-based RSUs granted on April 15, 2023. No shares were sold.
F3 The reported shares were acquired upon the vesting of the second tranche of time-based RSUs granted on April 15, 2022.
F4 The reported shares were withheld to satisfy the Reporting Person's tax liability in connection with the settlement of the second tranche of time-based RSUs granted on April 15, 2022. No shares were sold.
F5 Each restricted stock unit ("RSU") represents the contingent right to receive, upon vesting and settlement of the RSU, one share of the Issuer's common stock.
F6 On April 15, 2024, the Reporting Person received a grant of 67,056 RSUs, of which (a) 50% vest in three equal installments on the first, second and third anniversaries of the grant date, and (b) 50% vest in three tranches with each tranche eligible to vest based on the Issuer's achievements of certain financial performance targets for the applicable performance period.
F7 On April 15, 2024, the Reporting Person received a grant of RSUs which vest in a single tranche based on the Issuer's achievements of certain stretch financial performance targets for the performance period.
F8 Reflects performance-based RSUs granted on April 15, 2023 which were forfeited and cancelled in return for consideration.
F9 Reflects performance-based RSUs granted on April 15, 2022 which were forfeited and cancelled in return for consideration.